I’m checking on how most mortgage companies' closing costs compare to this. I made an offer earlier today for a rental property 25% down and am waiting to hear back, but my realtor advised me to at least give a lender a chance to get me pre-approval, claiming they secured good rates.

However, the pre-approval they provided was significantly higher than what I expected 7.625% conventional. This looks like I will need $16k to close. I guess I need to keep shopping around.

Other lenders I reached out to never gave me a rate just pre-approval letters so I never knew what I was expecting until I got an offer accepted."

My credit score is 712 on Experian, 720 on Transunion, and 690 on Equifax. One of the loan officers informed me of these scores and said they always consider the middle number.

*Purchase Price - $189,900.00*

*Base Loan - $142,425.00*

*Downpayment - 25% ($47,475.00)*

Origination Charges

*Points - $2,146.00*

*Flood Certification - $8.00*

*Credit Report Fee - $100*

*Appraisal Fee - $800*

*Loan Origination Fee/Avg Branch Fees - $1,490*

Title and Closing Fees

*Lender's Title Insurance - $400*

*Lender's Title Insurance - $1,270.10*

*Owner's Title Insurance (Optional) -$267.10*

*Closing Protection Letter - $125*

Title Services or Lender's Title - $317*

*Deed Preparation - $75*

Recording and Transfer Fees
Mortgage /Deed of Trust $144.25
Deed - $90
Transfer Tax - $4,747

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High Closing Cost

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